Source: REUTERS/Phil Noble
[Saba Sports News] Recently, Manchester United officially announced plans to build a new home stadium with a capacity of 100,000 spectators, replacing Old Trafford, the team’s home for the past 114 years. According to British media reports, Manchester United will construct a new 100,000-seat stadium to replace Old Trafford, with an estimated cost of £2 billion and a construction period of 5 years. The decision is reportedly led by part-owner James Ratcliffe, and the new stadium is expected to surpass Tottenham Hotspur‘s £1 billion stadium construction cost, becoming the second-largest football stadium in Europe, second only to Barcelona’s Camp Nou. The project will feature a modular design and is expected to be completed before the 2030-31 season. The architectural design includes three towers and a large “umbrella” roof, to be built on 100 acres of land already owned by Manchester United. Funding sources are unclear but may include commercial loans and naming rights sales, which are expected to generate £15 million annually. This plan has the support of 52% of fans and is not limited to stadium construction but includes a broader urban revitalization plan, expected to create 17,000 new homes and 90,000 job opportunities, contributing £7.3 billion to the UK economy.